---
title: "Shiba Inu (SHIB) Outperforms Bitcoin and Dogecoin on This Front: Details"
url: https://diffcoin.com/shiba-inu-shib-outperforms-bitcoin-and-dogecoin-on-this-front-details/
description: "SHIB generated more trading volume than BTC and DOGE on this popular crypto exchange: check out for details."
published: 2024-05-06
updated: 2024-05-06
author: "Mila"
site: "Diffcoin"
---

# Shiba Inu (SHIB) Outperforms Bitcoin and Dogecoin on This Front: Details

**TL;DR**

- SHIB tops some trading charts for April, surpassing BTC, DOGE, and ETH, showcasing its consistent popularity among traders.
- Analysts like Ali Martinez and Rekt Capital anticipate a potential Shiba Inu bull run, with buy orders placed and bullish predictions suggesting triple-digit price increases.

## SHIB’s Solid Achievement

Shiba Inu continues to make the headlines by registering substantial price spikes and achieving numerous advancements.

For example, it topped WazirX’s ranking as the most-traded cryptocurrency for April, leaving Bitcoin (BTC), Dogecoin (DOGE), Pepe (PEPE), and Ethereum (ETH) behind.

> Top five traded coins on WazirX in April’24:
> 
> 🚀 [$SHIB](https://twitter.com/search?q=%24SHIB&src=ctag&ref_src=twsrc%5Etfw) 
> 🚀 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) 
> 🚀 [$DOGE](https://twitter.com/search?q=%24DOGE&src=ctag&ref_src=twsrc%5Etfw) 
> 🚀 [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw) 
> 🚀 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw)
> 
> Which one did you trade the most? [pic.twitter.com/Fc1E76f8Lk](https://t.co/Fc1E76f8Lk)
> 
> — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) [May 3, 2024](https://twitter.com/WazirXIndia/status/1786300038777286881?ref_src=twsrc%5Etfw)

This is not the first time the meme coin has topped that ranking. It was the most-traded digital currency on WazirX’s platform in March, surpassing BTC, PEPE, FLOKI, and DOGE. Recall that SHIB was the second-most traded cryptocurrency on the trading venue for 2023.

It is worth mentioning that WazirX is among the leading Indian cryptocurrency exchanges, with over 6 million registered users and monthly trading volume equaling billions of dollars. It is part of the Binance group and serves clients in more than 180 countries.

## Recent SHIB Price Predictions

The meme coin’s price has been flashing green for the past few days, with some analysts suggesting that a more substantial rally could be on the horizon. One example is the X user Ali Martinez, who admitted placing buy orders, hoping for a 300% surge.

Rekt Capital and crypto content creator Jake Gagain also outlined bullish predictions recently. The former envisioned a triple-digit price increase, whereas the latter argued that “fading” Shiba Inu “is a major mistake.”

The resurgence of Shiba Inu‘s burn rate and the development of the layer-2 blockchain solution – Shibarium – are two major factors that could positively impact the asset’s value. As *CryptoPotato* reported, over 81 million tokens were destroyed in the last 24 hours, while the network underwent two essential upgrades.

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